You decide week 6 The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock. Since the tax identity of Smithon corporation would have not ceased, it is not
it was missing major information, such as a list of critical services, Employee contact information and vendor contact information. The Business Impact analysis for this type of scenario or any disaster was never completed so there was little information to help the disaster preparedness team as far as how this disaster will impact the organizations operations. The Backup Policy was written thoroughly and included information on the backup schedule and storage locations. It also listed the backup methods used and the length of time full backups were kept for. The document also included instructions to restore data
5. The confidentiality agreement did limit the scope of the audit performed on ZZZZ Best. It is the job of the auditor to obtain sufficient and appropriate evidence. When Ernst & Whinney were not allowed to follow-up with anyone involved in the restoration process that limited their ability to gather evidence. The company should have been able to follow up with all venders and customers to attest to the validity of the financial statements and they were not able to do this and not able to gather the “appropriate and sufficient evidence” needed.
10-7 breach of contract: Roger Bannister was the director of technical and product development for Bemis Co. He signed a covenant not to compete that prohibited him from working for a “conflicting organization” for eighteen months following his termination, but required Bemis to pay his salary if he was unable to fi nd a job “consistent with his abilities and education.” Bemis terminated Bannister. Mondi Packaging, a Bemis competitor, told him that it would like to offer him a job but could not do so because of the noncompete agreement. Bemis released Bannister from the agreement with respect to “all other companies than Mondi” and refused to pay his salary. released Bannister from the agreement with respect to “all other companies than Mondi” and refused to pay his salary Inc., another Bemis competitor.
BODY PARAGRAPH #3 (Reason three) A. Sub Thesis: 1. The third reason that you provided in your original Thesis B. Evidence 1. What information from either documents or sources is there to support
Insert the question and explanation here a. As I researched I…. b. c. 3. Insert the question and explanation here a. As I researched I….
In addition, departmental resources were used for personal projects of the three identified executives. The task force also uncovered an additional $4,000,000 of expenditures that were poorly documented so that even the amounts for proper business purposes could not be identified. The task force noted that these payment practices, as well as LEA, were never disclosed in the Internal Audit Department's audit reports even though company disbursements were tested annually. References to these practices and LEA were included on two occasions in
There was not process in place to follow for recovery for when a mistake was discovered or a problem was reported. The funds were not distributed for the natural disaster that they were earmarked for which has caused some uncertainty for future donations from the public and private donations. This system is supposed to be part of the corporate culture and should have established integrity for all the stakeholders. However; the American Red Cross did not have this in place which has caused turmoil within the organization and has caused them to be running a deficit and has had to downsize. A code of code of ethics should be developed for the American Red Cross.
Advantages of using compromise include faster issue resolution, so therefore may be more practical when time is a factor. It can also be used to provide a temporary solution while parties still look for a win-win solution to the conflict. It also enables the levels of tension and stress to be lowered therefore making it a better working environment for the time being. There are also disadvantages which include requiring close monitoring of the situation to ensure that agreements are met, it doesn’t help build trust in the staff team in the long run and could also result in a situation where both parties are not satisfied with the outcome derived and so you could be back to the beginning with trying to solve the original
In project management, the estimates are based upon sound quantitative data while line managers rely on "gut feel" as it is easy for them. In such a situation, the uncertainty of the delivery will always be there. In order to achieve excellence in project management, they would have to stretch themselves far and they are likely to resist this move. They would prefer working in their comfort zone and resist this move. The organization would require rigorous change management to successfully bring excellence in project management (Haus, M., 2011).